Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (GUSH) News Today

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (GUSH) is moving on a mix of supply, demand and technical developments in the oil market over the past 24–36 hours:

• Positive Sentiment: WTI snapped a multi‐day losing streak after a surprise U.S. inventory draw and Saudi Aramco’s latest price hike, underpinning bullish momentum for oil‐leveraged ETFs like GUSH. Natural Gas and Oil Forecast: WTI Snaps Losing Streak as Supply Fears Resurface
• Positive Sentiment: Global diesel inventories remain at multi‐year lows, offsetting OPEC+ supply increases and supporting crude prices—an encouraging backdrop for GUSH’s underlying basket. Low global diesel supplies support crude prices despite OPEC+ boost
• Positive Sentiment: Despite OPEC+’s planned output hikes, many producers have fallen short of targets, leaving the market tighter than expected and offering upside support. Why the oil market is tight despite big OPEC+ output hikes
• Neutral Sentiment: Oil futures briefly stabilized between their 50- and 200-day moving averages, with geopolitical risks and U.S. inventory data pointing to potential near‐term volatility. Oil News: Market Stalls Between 50- and 200-Day Averages, Volatility Ahead
• Neutral Sentiment: After a strong pullback, oil markets attempted a rebound as traders took profits, resulting in choppy trading around key technical levels. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Markets Attempt To Rebound After The Strong Pullback
• Neutral Sentiment: Crude oil is attempting to bounce just below critical resistance in both WTI and Brent, with market noise obscuring a clear directional signal. Crude Oil Price Outlook – Crude Oil Attempting to Bounce
• Neutral Sentiment: OPEC’s July output rose further—led by the UAE and Saudi Arabia—but was partly offset by Iraqi cuts and regional disruptions, keeping supply trends in focus. OPEC oil output rises in July led by UAE and Saudi, survey finds
• Neutral Sentiment: Kuwait’s oil minister said OPEC is closely monitoring global supply/demand trends and recent U.S. remarks on Russian oil, reflecting cautious policy watchfulness. Kuwait oil minister says OPEC monitoring market, Trump remarks on Russian oil
• Neutral Sentiment: Markets shrugged off President Trump’s threat of tariffs on Russian oil buyers, signaling limited immediate impact on crude flows. Why the oil market does not believe Trump’s threats to tariff countries that buy Russian crude
• Negative Sentiment: WTI remains bearish under its 50-day moving average, as growth concerns and soft demand data weigh on prices and limit upside. Oil News: WTI Bearish Below 50-Day MA as Growth and Demand Fears Bite
• Negative Sentiment: Oil and gas prices struggled as higher expected OPEC output and U.S.–China trade tensions capped gains, damping prospects for leveraged energy funds. Natural Gas and Oil Forecast: Prices Struggle as OPEC Output and Trade Tensions Weigh
• Negative Sentiment: Key technical support levels failed to hold, deepening the crude oil breakdown and increasing the risk of further downside pressure. Crude Oil Price Forecast: Breakdown Deepens as Key Support Fails
• Negative Sentiment: Oil remained under pressure as traders focused on U.S.–Russia talks and rising OPEC+ supply, capping any sustained rally. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Remains Under Pressure As Traders Focus On U.S.–Russia Talks
• Negative Sentiment: Russia’s decision to boost output added to ample global supply, keeping crude prices under threat and pressuring leveraged long positions. Crude Oil Price Outlook – Crude Oil Continues to Look Threatened After Russian Announcement